The cryptocurrency market experienced another downturn, with Bitcoin dropping below $90,000. ZCash saw a significant decline of 19% following the resignation of its developer team due to a dispute. The team intends to form a new company to continue their work. In other news, JPMorgan is set to launch its JPM Coin on the Canton Network. Barclays has invested in Ubyx, a U.S. stablecoin settlement startup. The Senate Banking Committee is facing pressure regarding crypto market structure legislation. Wyoming introduced its first state-issued stablecoin, Frontier Stable Token. Starknet experienced a multi-hour outage due to a block production bug.

The cryptocurrency market experienced another downturn, with Bitcoin dropping below $90,000. ZCash saw a significant decline of 19% following the resignation of its developer team due to a dispute. The team intends to form a new company to continue their work. In other news, JPMorgan is set to launch its JPM Coin on the Canton Network. Barclays has invested in Ubyx, a U.S. stablecoin settlement startup. The Senate Banking Committee is facing pressure regarding crypto market structure legislation. Wyoming introduced its first state-issued stablecoin, Frontier Stable Token. Starknet experienced a multi-hour outage due to a block production bug.